A country is said to be experiencing inflation when
A. total output is rising over time.
B. total output is falling over time.
C. prices of most goods and services are falling over time.
D. prices of most goods and services are rising over time.
Answer: D
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In 1941 Henry Luce coined the term ______________________ to describe the magnitude of America's economic and military prowess.
Fill in the blank(s) with the appropriate word(s).
In the real economy, income taxes are generally proportional or progressive
What will be an ideal response?
Bonds issued by a foreign government in its own currency would:
A. be held by the Fed as part of its foreign exchange reserves. B. not be held by the Fed. C. be held by the Fed as part of its securities. D. be held by the Fed as part of its loans.
The Consumer Price Index is:
A. A measure of changes in the relative prices of significant consumer goods. B. A measure of changes in the price of all goods and services. C. A measure of changes in the average price of consumer goods and services. D. Used to determine if the economy is functioning at full employment.